QT Funded Prop Firm Review – What You Need to Know in 2026
Quant Tekel launched in October 2023 and is based in Cape Town, South Africa. It operates under Quant Tekel Pty Ltd and is led by Tanswell Sassman. The firm is regulated under FSCA oversight, which gives it a stronger compliance position compared to many offshore prop firms in the same category.
Quant Tekel has positioned itself as a multi-platform, high-flexibility prop firm offering a wide range of account types, trading tools, and scaling options. Its core appeal comes from combining relatively low-cost entry challenges with high profit splits and broad trading freedom across multiple asset classes.
One of its key differentiators is its emphasis on trading infrastructure flexibility, supporting platforms such as MT5, cTrader, TradeLocker, and DXtrade. This makes it particularly attractive for traders who prioritise execution choice and strategy compatibility, especially those using automation or multi-market strategies.
Overall, Quant Tekel is positioned as a flexible, growth-oriented prop firm designed for both newer traders and experienced scalpers or algorithmic traders who want access to higher leverage, diverse instruments, and scalable funding potential up to institutional-level account sizes.
Quant Tekel Best suited for:
- New traders looking for low-cost entry challenges
- Scalpers who rely on fast execution and tight spreads
- Crypto traders wanting access to multiple digital assets
- Swing traders and overnight position holders
Pros of Quant Tekel
Pros
Profit splits up to 90%- Low-cost challenge entry fees
- Multiple challenge structures (1-step, 2-step, 3-step)
- No strict time limits on challenges
- Wide platform support including MT5, cTrader, TradeLocker, and DXtrade
- Frequent promotions and discounted evaluation fees
Cons
How Does Quant Tekel Work? (Step-by-Step Guide)
- Pick your account size and challenge type
- Trade and reach the required profit targets
- Pass the evaluation stages
- Receive a funded account
- Trade firm capital and request payouts when eligible
Quant Tekel Account Types & Funding Options
- QT Classic (one-step, two-step, or three-step challenges)
- QT Advanced (two-step or three-step challenges)
- QT Power (two-step challenges)
- Account sizes from $5,000 to $200,000
- Scaling potential up to $2 million in funding
Profit Targets & Payouts
- 10% profit target for one-step challenges
- 8% then 5% for two-step challenges
- Payouts available weekly after qualification
- Processing time typically 1 to 3 days
- Daily drawdown up to 5%
- Total drawdown typically between 10% and 12% depending on account type
Leverage & Trading Conditions
- Leverage up to 1:100 on forex
- Low spreads with approximately $4 commission per lot
- Fast execution environment, particularly on MT5
- Designed for high-frequency and short-term trading styles
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping
- Swing trading
- Holding over night or weekend
- News trading with no trades 5 minutes before or after big news
- EAs for bots.
Restricted Trading Strategies
Hedging- Arbitrage
- HFT
- Layering
How Long Does It Take to Get Funded by Quant Tekel?
- There is no time limit to complete challenges
- Funding is typically issued within 24 hours after passing
- Account setup is generally fast and automated
How Long Has Quant Tekel Been Around?
Quant Tekel started in 2023 and has expanded rapidly since launch. Growth has included additional platform integrations, more asset classes such as stock CFDs, and increased scaling limits reaching up to $2 million in funded capital potential.
Who Owns Quant Tekel? (Founder & Company Background)
Quant Tekel is owned by Quant Tekel Pty Ltd and is based in South Africa. The company is led by Tanswell Sassman and operates under FSCA regulatory oversight, which distinguishes it from many offshore prop firms without formal licensing frameworks.
What Can You Trade with Quant Tekel? (Supported Markets & Assets)
Quant Tekel offers access to forex pairs, global indices, commodities, metals, and cryptocurrencies . The platform ecosystem includes MT5, cTrader, TradeLocker, and DXtrade, giving traders a wide range of execution environments. In total, the firm offers over 150 tradable instruments depending on account type.
Does Quant Tekel Offer Education & Trader Support? (Learning Resources & Coaching)
Quant Tekel provides basic educational materials including trading guides and a performance dashboard for tracking statistics. There is no formal coaching or mentorship programme, but traders can interact through Discord communities where strategies and ideas are shared informally.
How Good is Quant Tekel's Customer Support? (Response Time & Availability)
Support is available via live chat, email, and Discord. Response times are generally fast, with weekday coverage operating around the clock. Most support requests relate to account setup, trading rules, and payout processing.
Is Quant Tekel a Scam or a Legit Prop Firm?
Quant Tekel is considered a legitimate prop firm, operating under a registered South African entity with FSCA oversight. It partners with external brokers for execution and has an active payout history, which supports its credibility within the prop trading industry. Like all prop firms, it operates using simulated funded accounts rather than client-deposited capital.
Community feedback is generally active across Discord, X, and YouTube. Traders often highlight competitive spreads, frequent discount promotions, and flexible challenge structures. Positive reviews tend to focus on ease of entry and platform choice, while criticisms usually relate to drawdown sensitivity and evaluation variability.
Alternatives to Quant Tekel – How It Compares
- Funded Trading Plus — A flexible prop firm offering multiple funding routes including evaluation and instant funding options, appealing to traders who want more control over how they access capital and scale accounts.
- Blue Guardian — A modern prop firm offering competitive profit splits and varied account structures, positioned toward traders who want flexible conditions and faster scaling compared to traditional multi-step evaluation models.
- AquaFunded — A newer prop firm offering evaluation-based funding with a focus on flexible trading conditions and competitive profit splits, designed to attract both discretionary traders and EA users looking for less restrictive rule sets compared to traditional firms.
Final Verdict – Should You Trade with Quant Tekel?
Quant Tekel is best suited for traders who want flexible challenge structures, high profit potential, and broad platform access without excessive restrictions on strategy style. Its scaling potential and multi-asset offering make it attractive for both newer traders and experienced algorithmic or scalping-focused traders.
However, its relatively recent launch means it still lacks the long-term track record of more established firms, so it is best viewed as a high-growth, mid-stage prop firm rather than an industry benchmark.
